Tadawul trade advice (B): Saudi materials stock | 5-6% gain | KSA stock trading idea on 22 Oct 2024

Stock Market

Tadawul, Saudi Arabia

Stoploss reached. Trade closed.

8 days
4 Nov 2024
22 Oct 2024
Loss per
100,000 SAR
8 days
-3116
Stop-loss
4 Nov 2024
34.2
Buy Advice
22 Oct 2024
35.3 - 36.3
Target 1
38
Target 2
38.3
Profit per
100,000 SAR
-3116
34.2
35.3 - 36.3
38
38.3
8 days
4 Nov 2024
22 Oct 2024
Loss per
100,000 SAR
8 days
-3116
Stop-loss
4 Nov 2024
34.2
Buy Advice
22 Oct 2024
35.3 - 36.3
Target 1
38
Target 2
38.3
Profit per
100,000 SAR
-3116
34.2
35.3 - 36.3
38
38.3
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Eastern Province Cement Co.
  • 35.3 - 36.3
  • 38 - 38.3
  • Below 34.2
  • 5% - 6%
  • 14 - 15 Days
  • Buy Eastern Province Cement Co.
  • Buy
    Range
    35.3 - 36.3
  • Target 38 - 38.3
  • Stoploss Below 34.2
  • Upside
    Potential
    5% - 6%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Tadawul 3080 : Eastern Province Cement Co. - Stock Overview

  • Tadawul code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • 3080
  • EPCCO
  • Materials
  • 38.8
  • 30
  • Tadawul code 3080
  • Stock Name EPCCO
  • Sector Materials
  • 52 Weeks High 38.8
  • 52 Weeks Low 30
  • Company profile

    Eastern Province Cement Company manufactures and distributes clinker and cement both domestically in Saudi Arabia and internationally. The company is divided into two segments: Cement and Precast. The Cement segment focuses on producing and wholesaling ordinary, salt-resistant, and clinker cement. The Precast segment offers partitions, frames, and prefabricated structures made from concrete. Additionally, it operates quarries and mines gypsum and anhydrite, along with wholesaling cement and gypsum. Established in 1982, the company is based in Dammam, Saudi Arabia.

  • Tadawul 3080 : Eastern Province Cement Co. vs TASI - Relative Strength Comparison

    The image highlights EPCCO's performance over the last year versus TASI.
    Relative Performance - Last 1 Year
    EPCCO —   TASI —

  • Tadawul 3080 : Eastern Province Cement Co. - Technical Analysis (Daily)

    Eastern Province Cement Co. - Technical Analysis chart on Daily Price and Volume
    Eastern Province Cement Co. - Technical Analysis chart on Daily Price and Volume

    • The price had been experiencing a downward trend and formed a Falling Wedge pattern.
    • Upon hitting the 30 level, it discovered support and made a notable rebound.
    • Following a phase of consolidation, the price then created an Inverted Head & Shoulders pattern.
    • With a recent breakout, the price is now poised for upward movement.
  • Tadawul 3080 : Eastern Province Cement Co. - RSI Indicator

    Eastern Province Cement Co. stock analysis based on RSI indicator
    Eastern Province Cement Co. - RSI indicator

    • Current RSI of this stock is 68.90, which indicates the strength of buyers.

  • Tadawul 3080 : Eastern Province Cement Co. - MACD Indicator

    Eastern Province Cement Co. stock analysis based on MACD indicator
    Eastern Province Cement Co. - MACD indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Tadawul 3080 : Eastern Province Cement Co. - ADX & DI Indicator

    Eastern Province Cement Co. stock analysis based on ADX & DI indicator
    Eastern Province Cement Co. - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Conclusion - Tadawul 3080 : Eastern Province Cement Co. Stock Price Forcast

    Based on our short term trading tips for Saudi Tadawul, Eastern Province Cement Co. stock price target will be SAR 38 - SAR 38.3 in the next 14-15 trading sessions.

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